TITUSVILLE, Fla., July 10, 2026 – Lockheed Martin (NYSE: LMT) has been awarded an $850 million contract modification from the U.S. Navy to continue design and development of the Trident II D5 Life Extension 2 (D5LE2) program – a critical piece of the nation’s nuclear triad. The U.S. Department of War announced the award in April.

The Trident II D5 strategic weapon system remains a cornerstone of U.S. deterrence, recognized for its accuracy, reliability and operational performance. Originally developed in the 1980s and modernized through a life extension effort completed in 2017, the system is being further advanced to ensure its effectiveness into the 2040s and beyond.

“Lockheed Martin is fully committed to the mission as we move forward into this next phase,” said Eric Scherff, vice president of Lockheed Martin’s Fleet Ballistic Missile (FBM) Program. “This award marks another important step along the way as we continue delivering a credible and resilient deterrent for the American forces and allies.”

WHY IT MATTERS

Submarine-launched ballistic missiles are the sea-based leg of the nation’s nuclear triad, alongside intercontinental ballistic missiles and nuclear-capable bombers. Representing approximately 70 percent of deployed strategic deterrent capability, the sea-based leg provides unmatched survivability, persistent presence and operational flexibility.

A strong, modern deterrent remains essential to American national security and allied assurance. Through continued investment in programs like D5LE2, Lockheed Martin is advancing technologies that strengthen deterrence and support the warfighter in an evolving threat environment.

CAREERS THAT SUPPORT AMERICAN DEFENSE

To support this critical work, Lockheed Martin is expanding its workforce across multiple locations and actively recruiting engineers, technicians and other professionals who are passionate about national security and innovation. Opportunities are available for those seeking to contribute to a mission with a global impact.

Work will be performed in Colorado, Florida, Utah, Washington, Georgia and the National Capital Region.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security^® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.Lockheedmartin.com.